Nokia Corporation (NOK) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP decreased its stake in shares of Nokia Corporation (NYSE:NOK) by 4.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,096,902 shares of the technology company’s stock after selling 46,790 shares during the period. Dimensional Fund Advisors LP’s holdings in Nokia Corporation were worth $5,945,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of NOK. Cutter & CO Brokerage Inc. increased its stake in Nokia Corporation by 14.6% in the first quarter. Cutter & CO Brokerage Inc. now owns 21,192 shares of the technology company’s stock valued at $115,000 after buying an additional 2,700 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Nokia Corporation by 32.4% in the first quarter. Checchi Capital Advisers LLC now owns 29,870 shares of the technology company’s stock valued at $162,000 after buying an additional 7,306 shares during the period. Usca Ria LLC boosted its position in shares of Nokia Corporation by 15.1% in the first quarter. Usca Ria LLC now owns 31,475 shares of the technology company’s stock valued at $171,000 after buying an additional 4,125 shares during the period. Greenleaf Trust bought a new position in shares of Nokia Corporation during the first quarter valued at about $178,000. Finally, Wright Investors Service Inc. boosted its position in shares of Nokia Corporation by 39.3% in the first quarter. Wright Investors Service Inc. now owns 38,435 shares of the technology company’s stock valued at $208,000 after buying an additional 10,845 shares during the period. Institutional investors and hedge funds own 5.89% of the company’s stock.
Nokia Corporation (NYSE:NOK) traded up 0.731% during midday trading on Friday, reaching $6.205. The company’s stock had a trading volume of 5,671,737 shares. The firm’s market capitalization is $35.07 billion. The company’s 50-day moving average is $6.30 and its 200 day moving average is $5.86. Nokia Corporation has a 52 week low of $4.04 and a 52 week high of $6.65.
Nokia Corporation (NYSE:NOK) last issued its quarterly earnings results on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.05. The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.64 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. Analysts expect that Nokia Corporation will post $0.30 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Vetr raised Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $7.22 price objective for the company in a report on Wednesday, August 9th. Canaccord Genuity reissued a “hold” rating and issued a $7.00 price objective on shares of Nokia Corporation in a report on Thursday, July 27th. Bank of America Corporation reissued a “neutral” rating on shares of Nokia Corporation in a report on Friday, June 2nd. Zacks Investment Research cut Nokia Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub raised Nokia Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Nokia Corporation has an average rating of “Hold” and an average target price of $5.97.
Nokia Corporation Company Profile
Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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